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Rivian Grand Cypress Dr 53,000 SF Retail Building Lutz, FL 33559 $21,597,256 CAD ($407.50 CAD/SF) 8.50% Cap Rate
Investment Highlights
- BRAND NEW DEVELOPMENT | 2027 BUILD-TO-SUIT
- RIVIAN AUTOMOTIVE | EMERGING U.S. EV LEADER | ± $5.4 BILLION (FY 2025)
- 34% ABOVE NATIONAL MEDIAN INCOME | HIGH DENSITY AND AFFLUENT DEMOGRAPHICS
- NEW 15-YEAR BASE TERM | 12.5% ESCALATIONS
- WESLEY CHAPEL PRIMARY RETAIL CORRIDOR | ± 74,000 VPD | 110+ STORES/SERVICES | COMPLEMENTARY DEALERSHIPS
- SERVICE-BASED BUSINESS MODEL WITH EV CHARGING STATIONS
Executive Summary
Exclusively Listed By:
Carson Jeremiah | Associate Director | 469.949.7540 | cjeremiah@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
Carson Jeremiah | Associate Director | 469.949.7540 | cjeremiah@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
53,000 SF
Building Class
B
Year Built
2027
Construction Status
Under Construction
Price
$21,597,256 CAD
Price Per SF
$407.50 CAD
Cap Rate
8.50%
NOI
$1,835,775 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
6.97 AC
Zoning
MPUD
Parking
206 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
477’ on Grand Cypress Drive
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-26-19-0060-00000-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,376,661 CAD |
Property Taxes
Parcel Number
27-26-19-0060-00000-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,376,661 CAD
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Rivian | Grand Cypress Dr
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